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    9360 San Diego Street

    Spring Valley, CA 91977
    • $2,000,000
    • STATUS: Active
    • ON SITE: 32 days
    • ID#: 200049654
    UPDATED: 158 min ago
    $2,000,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    9360 San Diego Street is an 8 unit apartment complex that consists of 6,390 rentable square feet built in 1980 situated on a 8,436 square foot lot with plenty of off-street parking. The structure has a pitched roof and a unit mix that consists of seven 2 Bedroom / 2 Bath units, and one 2 Bedroom / 1 Bath unit as well as onsite laundry facilities. Previous ownership has remodeled the majority of the units in the last 3 years leaving additional upside in the rents. The current financing must be assumed. $1.192M +/- in debt at 2.92%. Spring Valley is a community in the part of East San Diego County that consists of rolling hills and countryside. It is a 20-minute commute (17 miles) from downtown San Diego via Highway 94. The area offers a diverse geography sharing a landscape of choices, from a touch of urban living to snow dusted slopes in the rural back country in a mild climate influenced by ocean currents and abundant sunshine. Spring Valley is San Diego County+GGs largest unincorporated community.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-25T00:26:22.827. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

    www.applefinancialnetwork.com/homes/111322315
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    9360 San Diego Street Spring Valley, CA 91977

    • Price: $2,000,000
    • Status: Active
    • Updated: 158 min ago
    • ID#: 200049654
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    Neighborhood:
    91977 - Spring Valley
    County:
    San Diego
    Area:
    91977 - Spring Valley
    Property Description
    9360 San Diego Street is an 8 unit apartment complex that consists of 6,390 rentable square feet built in 1980 situated on a 8,436 square foot lot with plenty of off-street parking. The structure has a pitched roof and a unit mix that consists of seven 2 Bedroom / 2 Bath units, and one 2 Bedroom / 1 Bath unit as well as onsite laundry facilities. Previous ownership has remodeled the majority of the units in the last 3 years leaving additional upside in the rents. The current financing must be assumed. $1.192M +/- in debt at 2.92%. Spring Valley is a community in the part of East San Diego County that consists of rolling hills and countryside. It is a 20-minute commute (17 miles) from downtown San Diego via Highway 94. The area offers a diverse geography sharing a landscape of choices, from a touch of urban living to snow dusted slopes in the rural back country in a mild climate influenced by ocean currents and abundant sunshine. Spring Valley is San Diego County+GGs largest unincorporated community.
    Exterior Features

    Lot Size Units Square Feet

    Property Features

    Cap Rate 4.55 Country Us Gross Scheduled Income 139536.00 Net Operating Income 90963.00 Operating Expense 44387.00 Property Sub Type Commercial/Residential Total Monthly Rent 11628

    Listing provided courtesy of Benn Vogelsang of South Coast Commercial, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-25T00:26:22.827. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

     
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